TDS Compliances
Super efficient TDS compliance
TDS compliances should be fulfilled where the tax is collected over a payment made for an asset or service. Different types of payments, such as, rent, commission, professional fees, interest, etc. are there on which TDS is applicable in India. Based on its type, TDS deposit procedure and its receipt that is compulsorily be given to the seller/service provider varies accordingly. Here we’re to provide you 100% Government authorized and risk free TDS compliances assistance. Do not delay in availing and complete this liability. It can cost you with penalties/legal charges if you fail to pay the TDS and file its details within due time. TDS corrections, notices and assessments can be so time-consuming. Not only does it take dealing with a great amount of historic data but also slows down core activities of your finance department. TDS Compliance including advisory on appropriate withholdings, filing of TDS returns, issuing Form-16A’s, managing lower deduction certificates is no longer a core function and is best done by experts who deal with it day in and day out.
Overview
Helping enterprises bring efficiency and 100% reporting accuracy in your TDS lifecycle.
Why Choose Us
Leading Financial Consultants At Your Service
We aim to protect and maximize client wealth with smart tailored solutions and we are experts in providing financial investment advice.
Professional
We aim not to just work for you, but to work with you for years to come by cultivating a professional relationship based on trust.
Privacy
We understand that a company’s financial investments and management is not for everyone to know, and take pride in out work ethic of client confidentiality.
Teamwork
We believe in teamwork, working collaboratively to achieve higher goals to optimize your business.
Support
Our experts are always there to support you throughout your financial journey and beyond.
FAQ
Frequently asked questions.
TDS compliances should be fulfilled where the tax is collected over a payment made for an asset or service. Different types of payments, such as, rent, commission, professional fees, interest, etc. It can cost you with penalties/legal charges if you fail to pay the TDS and file its details within due time.
Liability to deduct TDS and TDS rate
TDS is to be deducted at the rate of 2 % on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds Rs. 2,50,000.0
TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at the source if the payment exceeds certain threshold limits. It is the reductor's responsibility to deduct TDS before making the payment and deposit the same with the government.
TDS on transactions above Rs 50 lakh
Under the new section 194Q inserted through Finance Act, 2021, a buyer will have to deduct TDS at 0.1 per cent of amount exceeding Rs 50 lakh at the time of credit of such sum to the account of the seller or at the time of payment, whichever is earlier.
